• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Camtek Regains Compliance With NASDAQ Minimum Bid Price Rule

Posted on: Monday, 5 October 2009, 07:00 CDT

MIGDAL HAEMEK, Israel, October 5 /PRNewswire-FirstCall/ -- Camtek Ltd. (NASDAQ and TASE: CAMT), today announced that on Thursday, October 1, 2009, the Company received notice from the NASDAQ Stock Market stating that since the closing bid price of the Company's ordinary shares has been at or above $1.00 per share for at least 10 consecutive trading days, it has regained compliance with the minimum bid price rule enumerated in NASDAQ Listing Rule 5450(a)(1).

The closing price of Camtek's ordinary shares listed on NASDAQ, on October 1, 2009, $1.16, an increase of over 230% from the closing price on December 31, 2008.

"We are very pleased to regain compliance with the NASDAQ rule, primarily due to the substantial share price increase from January 1, 2009," commented Rafi Amit, Camtek's CEO. "Looking ahead, we continue to invest in R&D, laying the foundations for long term growth, both organic as well as through acquisitions, with a view to further driving value".

ABOUT CAMTEK LTD.

With headquarters in Migdal Ha'Emek Israel, Camtek Ltd., designs, develops, manufactures, and markets automatic optical inspection systems and related products. Camtek's automatic inspection systems are used to enhance both production processes and yield for manufacturers in the printed circuit board industry, the high density interconnect substrate industry and the semiconductor manufacturing and packaging industry. This press release is available at http://www.camtek.co.il.

This press release may contain projections or other forward-looking statements regarding future events or the future performance of the Company. These statements are only predictions and may change as time passes. We do not assume any obligation to update that information. Actual events or results may differ materially from those projected, including as a result of changing industry and market trends, reduced demand for our products, the timely development of our new products and their adoption by the market, increased competition in the industry, price reductions as well as due to risks identified in the documents filed by the Company with the SEC.

SOURCE Camtek Ltd

Source: PR Newswire

More News in this Category